Citadel Advisors LLC reduced its holdings in shares of Sequential Brands Group Inc (NASDAQ:SQBG) by 30.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,253 shares of the textile maker’s stock after selling 46,342 shares during the period. Citadel Advisors LLC owned about 0.17% of Sequential Brands Group worth $323,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Eagle Asset Management Inc. increased its holdings in Sequential Brands Group by 41.0% during the third quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock valued at $953,000 after buying an additional 92,433 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in Sequential Brands Group by 3.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,133,543 shares of the textile maker’s stock valued at $3,389,000 after buying an additional 39,470 shares during the last quarter. Emerald Advisers Inc. PA increased its holdings in Sequential Brands Group by 14.5% during the third quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock valued at $4,075,000 after buying an additional 172,382 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in Sequential Brands Group during the third quarter valued at approximately $150,000. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its holdings in Sequential Brands Group by 120.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 110,000 shares of the textile maker’s stock valued at $329,000 after buying an additional 60,000 shares during the last quarter. 50.33% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Cowen reaffirmed a “hold” rating and set a $6.00 target price on shares of Sequential Brands Group in a report on Thursday, September 28th. Canaccord Genuity cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $6.00 to $1.50 in a report on Friday, November 10th. ValuEngine raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Roth Capital cut shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.25 to $2.00 in a report on Monday, November 13th. < Finally, Zacks Investment Research cut shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Sequential Brands Group has an average rating of “Hold” and an average target price of $6.92.

In other news, major shareholder Tcp Wr Acquisition Llc purchased 194,464 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $1.64 per share, for a total transaction of $318,920.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aaron P. Hollander purchased 20,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $1.72 per share, with a total value of $34,400.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 473,200 shares of company stock valued at $765,636. Company insiders own 27.30% of the company’s stock.

Sequential Brands Group Inc (NASDAQ SQBG) opened at $1.50 on Thursday. The firm has a market cap of $98.52, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.21 and a beta of 0.45. Sequential Brands Group Inc has a 12-month low of $1.36 and a 12-month high of $5.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.46 and a quick ratio of 1.46.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $39.00 million during the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. sell-side analysts anticipate that Sequential Brands Group Inc will post 0.48 EPS for the current year.

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Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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